Windhoek invites bids from IPPs to generate 25MWp of solar power

NAMIBIA – The municipality of Windhoek, Namibia has launched a call for expressions of interest for the financing, construction and operation of a 25 MWp solar photovoltaic plant. The Independent Power Producers (IPPs) interested in the tender have until 19 August 2021 to submit their bids. The municipality intends to rely on an independent power producer (IPP) to install a solar photovoltaic plant in a public-private partnership (PPP) with the city for a period of 25 years. The power purchase agreement (PPA) that will be signed for this project is…

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FSD Africa Investments injects US$4.5m to improve off-grid energy access in Africa

AFRICA – FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has pumped US$4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda. Nithio Holdings is an Artificial Intelligence (AI)-enabled energy financing platform whose mission is to standardize credit risk assessments and therefore drive more capital to the sector, including by investing directly and efficiently in off-grid solar companies. Over the next…

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Solar manufacturer JinkoSolar Holding completes 1.2MWh order for its Energy Storage System

AFRICA – JinkoSolar Holding Ltd, world largest solar manufacturer, has announced the completion of 1.2MWh order for its Energy Storage System with one of the largest power developers in Africa. The project will improve the electricity consumption of local villages and improve the life quality of the residents. The client is one of the most influential multi-technology companies in West Africa and has cooperated plenty of new energy projects with World Bank, local government and others. The new solution includes batteries, a power conditioning system (PCS), DC modular, switch cabinets…

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Bboxx DRC appoints former Orange DRC CEO Gerard Lokossou as a new board member

DRC- Next generation utility Bboxx DRC has appointed Gerard Lokossou as a Non-Executive Board Member to the company’s Democratic Republic of Congo (DRC) Board, reflecting the rapid growth of operations in the country. As former CEO of Orange DRC, Gerard has a wealth of experience in driving growth in this market. Prior to this appointment, he led the distribution for Airtel Africa Group, re-focusing its sales and services network strategy and he has also worked as a Sales and Distribution Director at MTN, and has previously held roles at Nestlé…

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AMEA Power commissions its 50MW solar photovoltaic plant in Togo

TOGO – AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo. This marks the country’s first utility-scale renewable energy project developed by an Independent Power Producer (IPP), and one of the largest solar PV IPP plants in West Africa. Officially named Sheikh Mohamed Bin Zayed, after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the PV plant has been delivered in record time, with just 18 months between the…

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BioTherm Energy rebrands as BTE Renewables with a focus on the future

SOUTH AFRICA – Africa’s leading renewable energy development platform BioTherm Energy has rebranded as BTE Renewables as it focuses on the future. BTE Renewables then known as BioTherm Energy, was acquired by Actis, a global impact investor, in August 2019 with the intention of becoming the leading renewable energy development platform and independent power producer on the African continent. Strategic business positioning sessions galvanised their intentions and facilitated the alignment of the leadership team around their mission with an aim to responsibly deliver renewable energy to the people of Africa,…

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IKEA Foundation and Rockefeller set up a historic US$1b initiative to catalyze investments in distributed renewable energy

WORLD – The IKEA Foundation and The Rockefeller Foundation have announced they will join forces to set up a US$1 billion global platform to fight climate change and energy poverty. The platform, which is set to be launched this year 2021 aims to reduce 1 billion tons of greenhouse gas emissions and to empower 1 billion people with distributed renewable energy (DRE), a renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power plants. The new global…

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Engie, Energy Web partner to launch solar mini gid and kits financing platform

AFRICA – Electricity access solutions provider Engie Energy Access, a subsidiary of French giant Engie, has partnered with Energy Web to launch “DeFi”, a decentralised financing platform that will facilitate the deployment of solar mini-grids and solar kits in sub-Saharan Africa via electronic money. Finance access to electricity in rural areas is a major concern for providers of decentralised electricity access solutions and Engie Energy Access is trying to find an answer to this nagging question by setting up the “DeFi” decentralised financing crowdfunding platform. The crowdfunding platform uses blockchain…

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IFC, Rockefeller Foundation partner to advance clean energy access in Sub-Sahara Africa

SSA – The International Finance Corporation (IFC), the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF), one of the most famous philanthropies, have announced a new partnership that aims to deploy US$150 million of RF’s catalytic capital in blended finance to mobilize up to US$2 billion of private sector investment in distributed renewable energy solutions. The partnership will prioritize countries in Sub-Saharan Africa and select other regions, where both organizations have identified immediate opportunities and ultimately, the list of countries where this partnership will deploy…

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CDC Group commits US$50m to 100MW renewable power project in South Africa

SOUTH AFRICA – CDC Group, the UK’s development finance institution (DFI) and impact investor, has announced a US$50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project in South Africa. The investment marks CDC’s re-entry into the South African market in direct investment. The project will provide 200,000 South African households with clean and reliable energy and help to offset approximately 480,000 tons of carbon per year, equivalent to the per capita emissions of 67,000 South Africans. CDC has partnered AfDB, FMO, DEG and DBSA…

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